U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange. News Join us on social networks Binance and its founder Changpeng”CZ” Zhao has admitted to violating United States laws around money laundering and terror financing — agreeing to pay $4.3 billion in fines. The Justice …
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As hype builds for spot Bitcoin ETFs in the U.S., some are concerned the industry is moving away from the “core promise” of cryptocurrencies. News Join us on social networks CoinList founder Andy Bromberg believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) are just “watered down crypto” and a sign the industry is heading in …
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Cryptocurrencies flash mixed signals as market participants digest the details of CZ’s guilty plea and the DOJ’s $4.3 billion settlement with Binance. Market Update Join us on social networks Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) …
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Now-former Binance CEO Changpeng Zhao has pleaded guilty to money laundering charges, according to reports from The New York Times on Nov. 21. Zhao reportedly entered his guilty plea in federal court in Seattle today and agreed to pay a $50 million fine as part of the plea deal. That fine is separate from Binance’s …
A class action suit filed on Nov. 17 in California alleged that Apple entered anti-competitive agreements that partially restricted the use of cryptocurrency. Specifically, plaintiffs said that agreements between Apple and its competitors prevent iOS Peer-to-Peer Payment Market apps from offering decentralized crypto features. The plaintiffs asserted that Apple’s agreements apply to various other payment …
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Celsius Network and its debtors intend to turn the defunct lender into a Bitcoin miner as part of its restructuring, according to a Nov. 20 press release. Celsius customers will own the new entity, tentatively stated as ‘Mining NewCo.’ Mining NewCo Celsius had proposed the formation of Fahrenheit NewCo as part of its restructuring and …
Veteran crypto investor Arthur Cheong says that one altcoin project operating on the Ethereum (ETH) network is set for big moves to the upside. Cheong, the founder of DeFiance Capital, tells his 153,300 followers on the social media platform X that the decentralized finance (DeFi) protocol Synthetix (SNX) could surge by more than 75% from …
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A widely followed crypto trader is warning that Bitcoin (BTC) could witness a dramatic correction around the next halving event in 2024. Crypto analyst Rekt Capital tells his 370,300 followers on the social media platform X that Bitcoin could repeat a 2016 price pattern and decline by 40% after a pre-halving rally. The next halving …
The total value locked (TVL) on the decentralized social finance (SocialFi) application Friend.tech fell 19% in a few days as user adoption slows down. Friend.tech, which launched in August, is built on Base, an Ethereum (ETH) scaling solution supported by the Coinbase crypto exchange. The application allows users to tokenize themselves by selling shares or …
BNB is rallying on the news that the U.S. Department of Justice (DOJ) is seeking to close a criminal case against Binance. According to a new Bloomberg report, the DOJ is seeking over $4 billion from the largest crypto exchange by trading volume to settle a multi-year investigation. A separate report from the Wall Street Journal …
Officials with the U.S. Justice Department, Treasury, and CFTC alleged Binance “lacked basic safeguards” to protect against sanctions and Changpeng Zhao committed criminal acts. Breaking news Join us on social networks Officials with the United States Department of Justice announced that Binance CEO Changpeng “CZ” Zhao will plead guilty to one felony charge as part …
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The house that CZ built will now be helmed by its head of regional markets, as the U.S. Department of Justice has barred the former CEO from his position. Breaking news Join us on social networks Binance has named its head of regional markets outside of the United States, Richard Teng, as its new CEO. …
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The U.S. Justice Department, Treasury and CFTC reportedly plan to announce settlements for many of the criminal and civil cases against Binance and CZ on Nov. 21. News Join us on social networks A federal court has released the indictments against Binance and CEO Changpeng “CZ” Zhao filed under seal on Nov. 14, in which …
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Binance founder Changpeng Zhao will reportedly step down as the crypto exchange’s CEO and admit to violating US anti-money laundering laws. Zhao will plead guilty to criminal charges while Binance, the largest crypto exchange in the world, will agree to pay $4.3 billion in fines to US regulators, the Wall Street Journal reports. Citing people …
Payments giant Mastercard is partnering with an artificial intelligence (AI) firm to combat crypto fraud. Mastercard plans to integrate its crypto intelligence solution, CipherTrace Armada, with a platform developed by financial risk management solution Feedzai, according to a recent press release. Feedzai estimates that 40% of scam transactions exit directly from a bank account to …
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